Hints and tips:
Related Special Reports
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...Northern Rock was one of a wave of building societies that demutualised in the 1990s as a result of legislative change and pressure from some members and dealmakers seeking a windfall....
...Brokers play a key role in the global economy, advising companies on risk and how to manage it, including through insurance....
...Brindle’s partnership underwrites risks for New York-listed Fidelis Insurance, which floated last year and has a $2bn market value....
...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...society....
...The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership....
...Despite pressures to consolidate, sometimes driven by regulation, mutuals — and smaller friendlies — play a vital role providing access to affordable insurance....
...The UK’s Coventry Building Society has agreed heads of terms to buy Co-op Bank for £780mn in a deal that would return the private equity-owned bank to mutual ownership....
...Mutuals have, however, made a “comeback” since the financial crisis, according to Building Society Association head Robin Fieth....
...Joe Zammit-LuciaRadix Centre for Business, Politics & Society, Amsterdam, The Netherlands...
...In addition, she pointed to the rise of new distribution channels such as online brokerages and neobrokers that are disrupting the dominant bank and insurance company distribution systems in Europe....
...Nationwide Building Society has announced a £2.9bn deal to acquire Virgin Money, two weeks after the companies agreed the initial terms of a tie-up designed to challenge the dominance of Britain’s biggest...
...[was] retirement and somewhat in the insurance channel as well,” Spector said. “So, we just have a much, much larger field force.”...
...The Co-operative Bank has entered exclusive talks to merge with Coventry Building Society, in a deal that would see the private equity-owned high street lender return to mutual ownership....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...The UK’s third largest building society by assets has submitted a bid for Co-op Bank, in a deal that would return the private equity-owned lender to mutual ownership, according to people familiar with the...
...Microsoft, which owns Excel, said the company remained a “key technology partner for companies across financial services broadly, and insurance specifically”....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...In March, the boss of Admiral said the sector was in a “different situation” and that the FTSE 100 company had even put through a “small price decrease” recently to win business....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...the mutual’s members might ask as the UK’s biggest building society weighs up an agreed offer for the challenger bank Virgin Money....
...The rising cost of home insurance and motor insurance has exacerbated cost-of-living pressures on households....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
International Edition